Global port operator ICTSI today reported that net income attributable to equity holders in the first quarter this year grew 23 percent to USD293.57 million from USD239.54 million earned in the same period last year due to higher operating income.
Excluding the nonrecurring charge from the sale of Yantai International Container Terminal (YICT) in Shandong Province, China, net income attributable to equity holders would have grown 29 percent to USD308.27 million. Diluted earnings per share increased 23 percent to USD0.143 from USD0.116 in the same period in 2025.
Revenue from port operations for the first quarter this year reached US$961.11 million, an increase of 29 percent from the USD745.42 million reported for the same period in 2025.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) also hit USD617.87 million, 26 percent higher than the US$489.59 million generated in the same period last year.
ICTSI handled consolidated volume of 4,084,901 twenty-foot equivalent units (TEUs) in the first quarter of 2026, 18 percent higher than the 3,471,913 TEUs handled in the same period in 2025.
ICTSI Chairman and President Enrique K. Razon Jr. said, “ICTSI delivered a robust start to 2026, with double‑digit growth in revenues, EBITDA and net income reflecting the strength of our diversified global portfolio and disciplined execution across our operations. The contribution from newly added terminals, alongside stable demand at our existing facilities, supported volume and earnings growth for the quarter.”
“Our focus on operational efficiency, prudent cost management and careful capital allocation continues to underpin the resilience of our business. As we progress with strategic expansions across our network, we remain committed to maintaining financial discipline and executing our long‑term strategy to deliver sustainable value for our shareholders. I would like to thank our employees across our global operations for their continued dedication.”
The volume growth was mainly due to the volume contribution of two new ICTSI terminals: Durban Gateway Terminal (DGT), which took over port operations of DCT Pier 2 in Port of Durban, South Africa in January 2026, and Batu Ampar Container Terminal (BACT), which took over port operations in Batam, Indonesia, in September 2025. nd destination container terminals serving the global container shipping industry. ICTSI operates in six continents and continues to pursue container terminal opportunities around the world.
